Morning Bid: Reality check

What: The US Federal Reserve raised interest rates by **0.25%** to combat inflation, marking the **13th** consecutive hike.
Why: The move aims to curb the **4.1%** annual inflation rate and stabilize the economy.
Signal: The Fed's decision sent the S&P 500 index down **2.5%** in morning trading, reflecting investor concerns.
Target: The central bank's target inflation rate remains at **2%**, with a goal to achieve it within the next **6-9 months**.
Risk: The rate hike increases the risk of a recession, with some economists predicting a **20%** chance of a downturn within the next year.